Marcus Padley holds PIL, page-44

I am not surprised at the sell off

a> Early May - stay tuned for the Webinar ( jack shite follow up on that front )

b> Previous - lots of business development happening - little transparency or evidence of real progress

c> When directors dont say anything ...they usually have nothing positive to say

d> great news about Bizsmotto - much longer lead times than what people think to achieve momentum

e> Waiting for the June quarterly with revenue probably less than the March quarter

f> Longer term IF they can convincingly prove take up and transaction numbers ---probably a potentially beautiful business -

g> Question is will PIL still be around to get a reasonable market share ....or will the myth of millions of unbanked people remain one of those "Holey Grails "

cheers

VA


LOL